THE One's Thomas Lundgren: Part 2

Get Adobe Flash player
AB Tv

Swedish furniture tycoon, Thomas Lundgren,  set up THE One over a decade ago. During the UAE's five-year property boom the chain of furniture stores was hugely successful but Lundgren has struggled to maintain sales amid the downturn.

 

Revenues declined 18 percent to $96m for the year to March 2010 with sales plunging 40 percent last February alone. More than 100 staff have been let go in the past 12 months.

 

AB TV talks to Lundgren about what went wrong.

Join the Discussion

Disclaimer:The view expressed here by our readers are not necessarily shared by Arabian Business, its employees, sponsors or its advertisers.

Please post responsibly. Commenter Rules

  • No comments yet, be the first!

Enter the words above: Enter the numbers you hear:

All comments are subject to approval before appearing

Most Discussed
  • 10
    Nakheel PR: The toughest job in Dubai?

    On service charges.

    We were overcharged for years by Nakheel so that those loans could be paid back.

    The dramatic cuts have come to nothing... more

    Friday, 27 March 2015 7:32 PM - Pondersome George
  • 10
    Has Narendra Modi already lost the plot?

    Modi was elected just because the earlier govt was corruption ridden and a mess.Add to it their insistence on rahul Gandhi leading who is nothing but a... more

    Friday, 27 March 2015 7:33 PM - Charles
  • 5
    Drunk passenger who slapped air stewardess jailed in Dubai

    I agree that a charge for alcohol may help but it doesn't necessarily prevent the wealthy from drinking and acting irresponsibly - particularly as with... more

    Friday, 27 March 2015 7:31 PM - Doug
This Week's Magazine »